Foxtons chairman Nigel Rich acquired more than £27,000 worth of shares in the London-based estate agency group on Friday 24 October.

Rich, who was appointed chairman of the company in November 2021, replacing long-serving Ian Barlow who had faced criticisms over salaries and dividends, bought 50,000 ordinary shares in Foxtons on Friday, at a price of 55p, spending a total of £27,500.

Industry veteran Rich was labelled “an outstanding candidate” at the time of his appointment in 2021 by Alan Giles, a senior independent director at Foxtons, who was keen to highlight his “extensive experience with listed companies” in the same sector.

Foxtons shares were up 3% yesterday at 56.6p.